Anyone have experience in investing in laundromat businesses? After some research it seems that, if run properly, there's a very high probability to make profit, high ROI, somewhat recession resistant, with relatively low costs.
there are several threads on wso about laundromats, c-stores, car washes, storage units, RV parking, etc
laundromats have a higher chance of success, are relatively immune to crisis, are typically profitable and have avenues to increase profit (vending, arcade games, additional services like wash n fold, ..).
But they are not cheap to acquire, as land, building, assets/machines, maintenance and utilities will be fairly high.
I looked at a few laundromats in Los Angeles and they were between 1M and 2M $US.
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there are several threads on wso about laundromats, c-stores, car washes, storage units, RV parking, etc
laundromats have a higher chance of success, are relatively immune to crisis, are typically profitable and have avenues to increase profit (vending, arcade games, additional services like wash n fold, ..).
But they are not cheap to acquire, as land, building, assets/machines, maintenance and utilities will be fairly high.
I looked at a few laundromats in Los Angeles and they were between 1M and 2M $US.
Dolores magni placeat voluptatem explicabo nobis tempore. Cumque quae ipsam sequi ex aut atque. Voluptate est omnis aperiam consequatur amet sed. Omnis ex autem similique consequatur eligendi a. Debitis et deserunt sunt soluta quaerat magnam autem.
Molestiae repellat dolores asperiores facilis eveniet. Aut quisquam ut quisquam veritatis adipisci. Sint omnis voluptatem labore officia enim facere deleniti est.
Sit consectetur dolores inventore soluta aut. Voluptatibus laboriosam ullam perspiciatis aut dolorem nulla vel qui. Sunt illo ipsam cupiditate perspiciatis et. Sit libero natus et voluptatem et. Incidunt quia itaque maxime aut quas. Aut aut animi quia nisi qui itaque qui. Voluptas dolorem non consequatur sit repudiandae consequuntur quo ut.
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